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November 2022

Greetings,
You are receiving this newsletter with hopes that you find it informative and entertaining.

If you are thinking of making a move, or just curious about the real estate trend in your area, please feel free to contact us any time. It is our pleasure to help you.

Best regards,
Lyle Longridge

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The Bank of Canada Slowed the Pace of Monetary Tightening
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BC Home Sales Remain Slow While Active Listings Plateau
The British Columbia Real Estate Association (BCREA) reports that a total of 5,242 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October 2022, a decrease of 45.5 per cent from October 2021.
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Latests data from REBGV confirm Inflation, rising interest rates create caution across Metro Vancouver’s housing market
Home sale activity across the Metro Vancouver housing market continued to trend well below historical averages in October.
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Latest data from FVREB confirm Housing prices remain soft, sales flat, throughout the Fraser Valley
Fraser Valley housing market sales for October remained relatively unchanged from last month as prices dipped slightly across all categories.
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Inflation and Rising Interest Rates Create Caution in The Housing Market
Inflation and rising interest rates continue to dominate headlines, leading many buyers and sellers to assess how these factors impact their housing options. With sales remaining near historic lows, the number of active listings continues to inch upward, causing home prices to recede from the record highs set in the spring of 2022.
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Winter Home Maintenance Checklist
With winter just around the corner, it’s time to get your house in shape for the cooler months ahead. Although autumn can be one of the busiest seasons for homeowners preparing for winter, it’s also the best time to take advantage of the moderate weather to repair any damages before the first frost sets in. Here are some home maintenance tips that will keep your home running in peak condition all winter long.
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Setting up a Home Office on a Small Budget
Working from home is becoming a popular option with many people. Whether you telecommute or have abandoned the rat race in favour of setting up your own home business, a home office has become an essential space in many homes.
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Pros and Cons of Investing in a Rental Property
Buying rental property can be one of the most secure and fastest ways to build wealth. However, before you begin your entrance into real estate investing you should consider the following pros and cons.
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Important Things to Consider When Buying a Condo
Condominium sales are booming in many urban areas in Canada especially in large cities such as Toronto and Vancouver, with several buildings being developed. Today, condominiums continue to appreciate in market value at a rate that is almost as fast as that of single-family residences making them a good investment.
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Compliments of
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Lyle Longridge 
Managing Broker/Realtor 
The Partners Real Estate 
lyle@lylelongridge.com 
Cell : 604-812-4076

 

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Know what I want?

More great clients like you! Your referrals are always appreciated.

Lyle Longridge
Managing Broker/ Realtor
Longridge Real Estate @ The Partners Real Estate Vancouver
2430 Marine Drive
West Vancouver, BC, V7V 1L1

Email us: lyle@lylelongridge.com
Call us : 604-812-4076

 

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